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Investments in the Economy of Iraq

Home / Blog / Investments in the Economy of Iraq

You may think that the possession of the fifth-largest in the world reserves of oil would have to ensure Iraq's place in the ranking of the richest countries in the world to date.

Investment in IraqBut many foreign experts are inclined to believe that to fix the situation, which appeared after several decades of mismanagement of the country – is no easy task. According to the CIA, the recovery of the Iraqi economy goes not so smoothly.

The two basic problems of Iraq are:

  1. Although the money go to Iraq via oil exports, the profits does not reach the potential because of poor infrastructure.
  2. Money does not remain in the country and may not be used for the development of the Iraqi economy, because they have to migrate to foreign banks because of a poor banking system.

Fortunately for the people of Iraq, the local government begins to take the first steps towards the solution of these problems through one simple idea – the creation of a national investment Bank - the Bank for investment and development of Iraq. If you are interested in investment in Iraq

Harlow International Company is the best choice for you to start with!

Investment Possibilities

Those investors, who have long been eyeing the economy of Iraq as an object for investment, know that the new Parliament supports the stabilization of the banking system of Iraq and legislatively simplifies the process of investing in the economy.

Such possibilities were available a long time ago. Last time they were provided after the Second World War in Germany and Japan. And even then, Iraq has more potential because of abundant oil reserves. Iraq can become the main oil producing country, surpassing even Russia.

Specifically, it will take years to stabilize the economy and modernize the infrastructure, but if you have a dozen years left, obviously the investment will be repaid.

You can invest both directly and via funds, organized by many financial institutions. For example:

  • Godvig Capital with branches in Luxembourg and the British virgin Islands offers a 50-year Babylon Fund. The open-ended Fund engaged in investments in the stocks of large companies, one way or another connected with Iraq. Almost all of them are listed on the Iraqi Stock Exchange (ISX).
  • FMG, a private investment company, founded in 1989, with headquarters in Malta and offices in Sweden, USA and Singapore. It offers its FMG Iraq Fund. The profit is mainly due to growth based on post-war reconstruction. Also investments are made in stocks of companies that operate in Iraq, but are traded on other stock exchanges in the world.

If you look at Iraq on the other hand, and with the expectation of long-term investments, you will understand that it soon will become the Phoenix risen from the ashes... you Can invest in the national currency of Iraq but have long enough to wait until the course starts to grow, because the Dinar is pegged to the dollar and its rate is controlled by the state.

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